Nasdaq announced that it would launch its crypto-custody services by the end of the second quarter of 2023, but due to the changing business and regulatory environment in the United States, the global securities marketplace has suspended its launch.
Adena Friedman, CEO of Nasdaq, stated during the Q2 Results Call that the regulatory environment has caused the company to delay the launch of their digital asset custody service.
The company has made the decision to halt the launch of their U.S. digital assets custodian business and related license efforts. However, Nasdaq stressed that they remain committed to the development of digital assets.
Friedman assured customers that the company will be closely monitoring the market to see if there are any regulatory changes in the months ahead. She also stated that they will continue to build and deliver technology capabilities that position Nasdaq as a leading digital assets software solutions provider to the global industry.
Several crypto-affiliated businesses have resubmitted their applications to the SEC for Bitcoin exchange-traded funds. The SEC must review all applications to determine if they are accepted or rejected, including Valkyrie Spot Bitcoin ETF application.
